S&P: Project Castor’s successful failure does not set a precedent

February 16, 2015

PFIfeatures an in-depth analysis of the successful compensation of creditors following Spanish gas storage facility Project Castor’s concession termination. In the article, Standard & Poor’s analysts Maria Lemos and Gonzalo Cantabrana Fernandez explain that the Project Castor experience does not set a precedent and why eight Spanish toll road concessionaires – currently negotiating similar compensation packages – can expect a more lengthy and complex process.

To read the full article please click here. (Please note this link lies behind a paywall)